OLD1953 wrote:I feel we are in the eye of the storm. When it breaks forth again, it will be worse. The worst part of a hurricane comes after the eye.
Higgenbotham wrote:OLD1953 wrote:I feel we are in the eye of the storm. When it breaks forth again, it will be worse. The worst part of a hurricane comes after the eye.
OLD, I would have to agree. I've been doing intensive study all weekend to try to figure out where things are. It seems as if we are entering into that April 1930 moment and may be in the eye of the storm over the next few weeks. That has been put on hold for 2 years, since right before the flash crash. I was listening to an analyst today who said he believes the European banking system was within hours of melting down in late November. The result of saving it is probably a bubble that is more fragile than the one that was present in April 2 years ago.
The contrast between data points is amazing. Today, underneath an article I was reading about campus recruiting being the best it has been in 5 years was an article about record teen unemployment. Earlier, I had seen a discussion about homes near Apple, Google and Facebook headquarters receiving multiple offers while the rest of the metro area languishes. And the latest Case-Shiller city report is interesting - house prices in Detroit have nudged up a little bit in the past year and it looks to be the only city on the graph that has.
Trevor wrote:I mostly agree with you on that, but I would say that we're not exactly in the eye on the storm. The first storm was in 2008-2009 and it was one we barely survived. The second storm has yet to hit us and has not yet built its full strength. We don't see it at all and if we do, we consider it something minor. There are signs if you know what you're looking for.
Users browsing this forum: No registered users and 1 guest